Cawley Insights

Rezoning for Industrial Along the Chicago River

Posted by Dan Cawley on May 17, 2018 11:26:53 AM

 

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An Industrial Corridor Modernization Initiative approved by Mayor Rahm Emmanuel is in the works for the North Branch Industrial Corridor of the Chicago River. With local authorities exploring the options for adding more industrial zones along the river, this would bring more businesses and jobs to Chicago. Many companies who could not expand or even begin their business in the city due to the strict zoning laws, were forced to relocate out of Chicago. As stated in the CP Executive article, “Developers will pay fees back to the fund and the Neighborhood Opportunity Bonus system has expanded to the southern portion of the corridor and a North Branch Corridor Bonus system in the northern part of the corridor was created.”

Read the complete article at cpexecutive.com

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Topics: industrial real estate, Industrial

Written by Dan Cawley